Colt and Lumen have completed their previously announced deal. For the price of $1.8B, Lumen’s business in Europe, Middle East, and Africa is now officially part of Colt.
Lumen’s EMEA business was always focused on the wholesale and enterprise space, with it’s core built around the western European fiber rings and metro depth built back in the bubble by Level 3 — in some cases in the same trenches as Colt itself. Lumen later added to that footprint inorganically, with the biggest chunk coming from Level 3’s purchase of Global Crossing. Today that means 2,700 new customers, an expanded pan-European and transatlantic fiber footprint, and 11,000km of additional metro depth spanning 125 cities and 34 countries for Colt.
